Essential workers were recognized in Gov. Ned Lamont’s latest state budget, but they would receive much less aid than they sought.
2022 State Budget
Posted inMoney
Lamont will finally tap CT’s swelling coffers with new budget
Gov. Ned Lamont will propose budget revisions Wednesday that shift more than $800 million from the state’s coffers into new and expanded programs.
Posted inMoney
Lamont will ask lawmakers to resist the urge to spend big in next CT budget
Despite unprecedented surpluses, Gov. Ned Lamont is expected to ask legislators not to spend big in the next state budget.
Posted inMoney
Despite vanishing federal COVID relief, CT’s coffers swell to record levels
The growth has effectively wiped out any projected shortfall after the next gubernatorial election.
Posted inMoney
Senate GOP wants to roll back sales tax rates in 2022
With state government on pace for another massive surplus, Senate Republicans want a temporary rollback of sales tax rates.
Posted inGovernment, Money
Nonprofits say COVID exacerbated staffing woes into a crisis
Nonprofit leaders say their ability to assess the crisis is hindered by delays in getting state funding to community-based caregivers.
Posted inMoney
Budget options grow as Connecticut pays down obligations
The state is getting a better handle on its debt after seven years of surging unfunded obligations.
Posted inMoney
Legislature wants to take greater control when budget cuts must be made
At issue are savings targets, often involving hundreds of millions of dollars that the legislature directs the governor to achieve.
Posted inMoney
Talk of tax relief grows as the state’s revenues surge again
Surging sales tax receipts are swelling Connecticut’s already robust coffers by another $800 million, sparking new talk of tax cuts.
Posted inMoney
Just four years after the cupboard was bare, CT is a national leader in budget reserves
Connecticut’s fiscal safety net has few rivals, according to a new report from The Pew Charitable Trusts.
Posted inMoney
Lamont continues to keep OT costs in check despite pandemic
The coronavirus didn’t hinder Gov. Ned Lamont’s administration from keeping a lid on hefty overtime costs.
Posted inMoney
Unprecedented surplus in new CT budget may be even larger than legislators thought
A $2.3 billion fiscal cushion in the new state budget might be fatter by hundreds of millions of dollars.
Posted inMoney
Lembo: Extra pension payments mean big savings now — and down the road
By depositing $1.2 billion extra into its pension funds now, the state hopes to save $2.75 billion over 25 years.
Posted inMoney
Public sector pensions are prime beneficiary of federal COVID relief grants
More than six out of every 10 federal relief dollars built into the new state budget is earmarked for pensions.
Posted inMoney
Scanlon forces Lamont to keep focused on tax fairness, relief for middle class
The new state budget mandates Connecticut’s first tax fairness study in seven years.
